2 ms·

It seems like the anonymizing cryptocurrencies get blackballed by exchanges, meaning most people won't have access to them. Coinbase, for example, only allows

It seems like the anonymizing cryptocurrencies get blackballed by exchanges, meaning most people won't have access to them. Coinbase, for example, only allows transfers of Zcash to transparent addresses, which can be traced, and buying Monero isn't possible.

charlieok 5y ago
That's not really an impediment in the Zcash case you're mentioning. Upon making a withdrawal to a transparent address, you can immediately do another transfer to a shielded address. Some wallet apps explicitly include a feature to automate exactly this ("auto-shielding") [1]. Exchanges don't need to have this limitation, and some others don't have such a limitation. Gemini, to name probably the most prominent example, supports withdrawing to shielded addresses [2]. [1] https://f-droid.org/en/packages/com.nighthawkapps.wallet.android/ [2] https://www.gemini.com/blog/youre-one-step-closer-to-financial-freedom-with-shielded-zec-withdrawals